Dating back to a large natural gas discovery in Wyoming in 1922, and more recently, debuting as a standalone publicly traded company in July 2010, QEP has a history of being an industry leader in the exploration for and production of crude oil and natural gas.
QEP Resources has a proud legacy dating back to a large natural gas discovery in Wyoming in 1922.
When we debuted as a standalone public company in July 2010, we were a leading low-cost developer and producer of natural gas. Over the past several years, we have been successful in our strategy of growing crude oil production and reserves.
Today, our E&P asset portfolio is focused on high-margin, high-return production and reserve growth in two of the most prolific oil plays in the continental United States — the Permian Basin in Texas and the Williston Basin in North Dakota.
- 1922
- 1928
- 1984
- 1987
- 2002
- 2008
- 2010
- 2012
- 2013
- 2014
- 2016
- 2017
- 2018
- 2019
Ohio Oil Company discovers gas in Southwest Wyoming
Mountain Fuel Supply Company is spun out of Ohio Oil Company
Mountain Fuel Supply Company Renamed Questar Corporation
Added Midcontinent asset base in corporate acquisition of Universal Resources Company
Added asset base in the Uinta Basin in corporate acquisition of Shenandoah Energy
Acquired Williston Basin leasehold on Ft. Berthold Indian Reservation in North Dakota
Acquired Haynesville Shale/Cotton Valley leasehold in Louisiana
QEP Resources spun out of Questar Corporation in a pro-rata tax-free dividend, establishing itself as a new, independent crude oil and natural gas exploration and production company with its shares trading on the New York Stock Exchange under the ticker symbol “QEP”
Acquired South Antelope crude oil development properties in the Williston Basin in North Dakota for $1.4 billion
Divested non-core E&P assets in the Powder River Basin, San Juan Basin and the Marmaton/Tonkawa plays in the Anadarko Basin.
Completed the initial public offering of QEP Midstream Partners (QEPM)
Announced decision to separate the company’s midstream business, QEP Field Services, including its interest in QEPM, from QEP Resources
Acquired crude oil development properties (County Line) in the Permian Basin in Texas for $950 million
Divested non-core E&P assets in the Midcontinent, including the Granite Wash and Woodford “Cana”
Sold midstream business for $2.5 billion
Acquired crude oil development properties (Mustang Springs) in the Permian Basin in Texas for $595 million
Divested the Pinedale Anticline natural gas asset in Wyoming for net cash proceeds of $718.2 million
Acquired crude oil development properties in the core of the northern Midland Basin in Texas for an aggregate purchase price of $720.7 million
Announced strategic initiatives for an accelerated transition to a pure-play Permian Basin company
Divested the Uinta Basin natural gas asset in Utah for net cash proceeds of $155 million
Divested the Haynesville shale natural gas asset in Louisiana.
Chairman, President & CEO Charles B. Stanley retires. Board names Timothy J. Cutt President & CEO and elects director David A. Trice as Chairman.